Wautoma, WI
Current Conditions
0:56 AM CDT
Clear
Temperature
24°F
Dew Point
7°F
Humidity
48%
Wind
N at 10 mph
Barometer
30.16 in. F
Visibility
10.00 mi.
Sunrise
06:49 a.m.
Sunset
07:16 p.m.
Evening Forecast (7:00pm-Midnight)
Temperatures will range from 33 to 21 degrees with partly cloudy skies. Winds will remain steady around 13 miles per hour from the north. No precipitation is expected.
7-Day Forecast
Thursday
33°F / 16°F
Clear
Friday
34°F / 16°F
Sunny
Saturday
41°F / 16°F
Partly Cloudy
Sunday
39°F / 26°F
Light Rain/Snow
Monday
48°F / 28°F
Partly Cloudy
Tuesday
49°F / 29°F
Partly Cloudy
Wednesday
50°F / 29°F
Light Rain
Detailed Short Term Forecast
Issued at 0:56 AM CDT
Thursday...Temperatures will range from a high of 33 to a low of 16 degrees with mostly clear skies. Winds will range between 8 and 15 miles per hour from the north. No precipitation is expected.
Overnight ...Temperatures will range from 20 to 17 degrees with clear skies. Winds will range between 8 and 12 miles per hour from the north. No precipitation is expected.
Friday...Temperatures will range from a high of 34 to a low of 16 degrees with clear skies. Winds will range between 7 and 10 miles per hour from the north. No precipitation is expected.

U.S. dairy farmers educated about new tools for managing price risk

June 11, 2014 | 0 comments

MADISON

University of Wisconsin-Madison dairy analysts are participating in a multi-state effort to develop educational tools to help U.S. dairy producers understand and make use of provisions in the new farm bill intended to provide a buffer when milk and feed prices take a wrong turn.

Everything needed to explain the dairy provisions in the Agricultural Act of 2014 should be in place before the first sign-up period is set this fall, says Mark Stephenson, a UW-Madison agricultural economist specializing in dairy markets and policy. The team effort to develop the educational programs is funded by a Farm Service Agency (FSA) grant.

The new farm bill represents a shift toward insurance-like protection instead of price supports or other direct subsidies, Stephenson says.

Dairy farmers will be able to sign up for what is now called the Margin Protection Program (MPP), which offers them insurance based on an average US dairy production margin — the difference between the U.S. All-milk price and average feed cost. Under the MPP, farmers would receive payments when that margin falls below a minimum insured margin per hundredweight for a two-month period. These minimum margins can range from $4-$8 (in 50ȼ increments).

All dairy operations are eligible to participate and will have different coverage options to choose from. Developing the tools needed to understand how to use the MPP is what Stephenson and his colleagues are now working on.

"In reality, we've been working on this for three years already, so it's not like we're starting from scratch," he says.

"We'll have a web-based Dairy Program Decision Tool that farmers can put in their own information and look at how the MPP affects their operations," Stephenson says. "And before that, we'll have developed 'train the trainer' materials for FSA personnel, county agents, cooperatives, consultants and others who work with farmers."

The information will be delivered by classroom-style training and webinars. Before the signup begins, Stephenson plans a string of meetings with producers throughout Wisconsin.

Participating universities include: UW-Madison, University of Minnesota, University of Illinois, The Pennsylvania State University, Cornell University, The Ohio State University, and Michigan State University.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Page Tools

Search

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement